Minorities Fare Poorly in Applying
For Loans From Nonwhite Banks

By

Queena Sook Kim Staff Reporter of The Wall Street Journal

Updated June 6, 2002 11:59 p.m. ET

Minority-owned banks are more likely than white-owned banks to reject mortgage loan applications from African-Americans and Latinos, according to a study that is beginning to draw fire from public-policy groups.

The study, to be released Thursday by the University of Southern California's Lusk Center for Real Estate, also found that minority applicants with marginal credit didn't fare better at minority-owned banks than at white-owned...